Laundromat
Location: United States -> Michigan -> Detroit
Industry: Business Services > Laundry
Businesses for sale Summary
Business location: 500 Mt Elliott, Detroit MI 48207. Telephone: 734-330-1292.
Laundromat: coin laundry: locality coin laundromat for sale, well – located with corner location on very active demanding five-star hotels and casinos with dedicated local customers & sufficient parking. This laundromat is an excellent moneymaker. It established for 7 years in an area of Detroit, MI. Where people must use this type of service. The building size is 2,700 sq. Ft.
The 65 machines is a state of art are less than 5 years old. The last 5 year’s gross sales have averaged $220,000. This laundry is equipped with televisions, kids entertainment section, one soda machine, video games, coffee vending machine and instant coffee maker, hot dog stand and nacho cheese warmer, candy machine large receptionist area, office and storage room. This wonderfully maintained laundromat offer finishing service, fluff & fold laundry by the pound, dry cleaning drop off service and door to door laundry service to up scaled residence, college students, and visitors of down town Detroit through out the year. No competition and no struggle with other business within 6 miles radius
owner is selling the business for $395,000.
Financials
Asking Price Range: $250K – $500K
Gross Revenues: $220,000
Cash Flow: $52,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $395,000
Seller Financing: Not Disclosed
About The Business
Year Established: 2003
Number of Employees: 1 – 3
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Reason For Selling: Moving overseas.
